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For the year ending July 2009, Liverpool made a annual loss of 54.8 mill, up by 34% on the previous year. This is taking into account such things as increased prize money, highest TV money in the clubs history at 74 mill (will decrease by about 40% with no CL lower finish etc). Bank debt of 351 million, and debts of 144 mill owed to Hicks and Gillet. Over 40 mill was spent on servicing the clubs debts
Entirity of the Sky money goes towards paying the clubs wage bill with no players having Champs League clauses in the wage deals they have. Auditors have expressed concerns over whether Liverpool can continue operations recommending they get rid of over 40% of the clubs assets/lower wage bill by 40%.
Quite simply its a matter of when and not if Liverpool are faced with administration based on these figures. Not even Abu Dhabi would take on debt levels this high.
Declining assets, reduced income, accelerated costs. Its a grim picture for Liverpool
Entirity of the Sky money goes towards paying the clubs wage bill with no players having Champs League clauses in the wage deals they have. Auditors have expressed concerns over whether Liverpool can continue operations recommending they get rid of over 40% of the clubs assets/lower wage bill by 40%.
Quite simply its a matter of when and not if Liverpool are faced with administration based on these figures. Not even Abu Dhabi would take on debt levels this high.
Declining assets, reduced income, accelerated costs. Its a grim picture for Liverpool

